All News articles – Page 110
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NewsCEOs call single-digit ROEs for reinsurers ‘crazy,’ ‘not acceptable’
A primary personal lines insurer may find a 7% to 9% return “perfectly reasonable,” but reinsurers “take the rump end of the exposures,” Young said. “We get all of the volatility.” As a result, reinsurers need to push for higher returns.
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NewsEpidemic & Pandemic Insurance contracts less ambiguous in Asia, Says Peak Re Leader Hahn
Aon has interviewed the Chief Executive Officer of reinsurer Peak Re, Franz-Josef Hahn, as part of its Virtual Reinsurance Renewal Season fireside chats. The goal of Aon’s fireside chats is to drive growth across the re/insurance industry in order to bring capital closer to clients’ needs and enable them to ...
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NewsGVNW’s Mahnke urges insurers not to burn bridges
GVNW chair Dr Alexander Mahnke says insurers risk undermining relationships with their commercial buyers
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NewsInsurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
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NewsAXA strengthens partnership with Liverpool FC
AXA announces today the strengthening of its partnership with Liverpool Football Club, whose training kit it has sponsored since 2019. The enhanced partnership sees AXA become the Club’s Official Training Partner and secure the naming rights of Liverpool FC’s Training Centre ahead of the First Team’s move to the new ...
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NewsReuters: Japan Post Insurance says JGBs becoming attractive, may buy Japan shares
Japan Post Insurance expects the relative attractiveness of superlong Japanese government bonds (JGBs) is growing while it also considers buying Japanese stocks if the Nikkei falls below 20,000, the insurer said on today.
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NewsAegon puts Eastern European arm up for sale in coronavirus-led clean-up - sources
Dutch insurer Aegon has put its Eastern European business up for sale as it seeks to raise cash to better cope with the fallout of the coronavirus crisis and revamp earnings in its core markets, two sources familiar with the matter said. Aegon is working with JPMorgan on the process ...
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NewsFinland’s Sampo says has all approvals for Hastings deal
Sampo has received all regulatory and antitrust approvals needed for its acquisition of British motor insurer Hastings, the Finnish financial group said today.
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NewsRoyal Gazette: Bermuda must work as hard to retain its existing jobs, employees and companies
Thanks to new statistics, it is possible to better gauge just how damaging the Covid-19 lockdown was to the Bermuda economy and what the prospects for economic recovery are.
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NewsAIG announces leadership changes
The AIG Board of Directors has named Peter S. Zaffino Chief Executive Officer of AIG, effective March 1, 2021, in addition to his current role as President of the company. Mr. Zaffino has also been appointed to serve as a Director, effective immediately.
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NewsAIG announced Q3 GI catastrophe losses, including COVID-19 catastrophe-related losses
AIG today announced its General Insurance catastrophe losses, including COVID-19 catastrophe-related losses, for the quarter ended September 30, 2020, as well as results of the Life & Retirement and Legacy annual actuarial assumption update.
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NewsCytora shifts to permanent remote-first working culture
The insurtech will be inviting employees to give feedback on its progress
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NewsFinancial advisor PI premiums skyrocket over past three years
Smaller firms hit hardest by rapidly rising PI rates
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NewsSwiss Re Capital Markets structures and places USD 775 million catastrophe bond for California Earthquake Authority
Swiss Re Capital Markets successfully structured and placed the issuance of USD 775 million of insurance-linked securities (ILS) by Ursa Re II Ltd, to be used for the protection of the California Earthquake Authority (CEA). CEA protects more than one million policyholders in California against earthquakes and this transaction, the ...
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NewsDigital adoption rises nearly 20% for Insurance claims, J.D. Power Finds
Insurance claimants’ use of digital technologies continues a rapid march forward. That’s the lesson property and casualty (P&C) insurers are learning as claimants have ramped up use of digital channels throughout the claims process during the pandemic. According to the inaugural J.D. Power U.S. Claims Digital Experience Study,SM released today, ...
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NewsClaims processing start-up wins Zurich Innovation Championship 2020
Innovative work in the field of claims processing has earned ClaimFlo the Gold award in the Zurich Innovation Championship 2020
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NewsInsurance solutions can help to restore mangroves as natural coastal defences
Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding, according to a report published today by The Nature Conservancy and University of California, Santa Cruz, and supported by AXA XL.The report, Reducing Caribbean Risk: Opportunities for Cost-Effective Mangrove Restoration and ...
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NewsWillis Towers Watson to launch new partnership with the Wharton School’s Mack Institute
Willis Towers Watson today announced it is joining the Mack Institute for Innovation Management at the Wharton School, University of Pennsylvania, as a corporate partner.
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NewsTesla’s release of new ‘self-driving’ software closely watched by U.S. regulator
The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.
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NewsUK plans for self-driving cars threaten safety - insurance group
British government plans that could allow self-driving cars on motorways as soon as 2021 would put lives at risk because the available automated technology falls well short of human driving capabilities, UK insurance group Thatcham Research said on Friday.
